NEPSE gains 48.57 points as Wagle’s capital market plan boosts investor sentiment
Summary
NEPSE rose 48.57 points to 2,633.62 after the government unveiled a 21-point plan to revive the capital market, lifting investor sentiment and driving turnover to a two-month high. The plan proposes sharp cuts to capital gains tax and other measures to support share trading.
Key Points
- NEPSE closed up 48.57 points at 2,633.62, with all sub-indices posting gains.
- Daily turnover jumped to Rs 8.29 billion, the highest level in nearly two months.
- The rally followed Finance Minister Dr Swarnim Wagle’s 21-point Capital Market Strengthening and Revival Action Plan.
- The plan includes a 50 percent cut in capital gains tax on share transactions, loss adjustment for investors, and share buyback provisions.
